We always hear about how the evil Wall Street fats cats are earning so much money and that that high compensation somehow, in the mind of a liberal, takes money from the poor. Well surprise, surprise, guess who earns more money than the Wall Street fat cats? That would be the CEO's of the so-called balanced media companies.
The shocking thing about this is that while the main stream media has latched on to the class warfare rhetoric espoused by President Obama, who vilifies the rich at nearly every campaign stop and photo-op speech he attends, the top executives at the very companies pushing the President's agenda of hate are making more money than those they are pointing the finger at.
Let's see how the main stream media CEO pay vs Wall Street CEO's breaks down for 2011:
First, Wall Street CEO Pay:
Jamie Dimon at JPMorgan Chase & Co. (JPM) made $23 million in total compensation.
John Stumpf of Wells Fargo & Co. (WFC) got $17.9 million.
Lloyd Blankfein at Goldman Sachs Group Inc. (GS) had to settle for $16.2 million.
Vikram Pandit at Citigroup Inc. received $14.9 million.
James Gorman at Morgan Stanley (MS) took home $10.5 million.
Brian Moynihan at Bank of America Corp. got $8.1 million.
And now Main Stream Media Pay:
Les Moonves, the CEO of CBS Corp. (CBS), was paid $69.9 million.
David Zaslav of Discovery Communications Inc. (DISCA) received $52.4 million.
Philippe Dauman at Viacom Inc. (VIA) was paid $43 million.
Walt Disney Co. (DIS)â€™s Robert Iger got $31 million.
Jeff Bewkes, at Time Warner Inc. (TWX), was paid $26 million
Top executives at Comcast Corp. (CMCSA), Brian Roberts and Steve Burke, received compensation of $27 million and $24 million, respectively.
Notice how the lowest paid big media executives on this list are paid higher than the highest paid "Wall Street Fat Cats" on the list?
Any chance you think the President's war on entrepreneurs, wealth and capitalism and the willingness of the media to report his rhetoric every chance they get are a coincidence?
This list was compiled via an article on Bloomberg.com